PMM Makes Notable Cross Below Critical Moving Average
In trading on Monday, shares of Putnam Managed Municipal Income Trust (Symbol: PMM) crossed below their 200 day moving average of $6.12, changing hands as low as $6.08 per share. Putnam Managed Municipal Income Trust shares are currently trading down about 0.8% on the day. The chart below shows the one year performance of PMM shares, versus its 200 day moving average:
Looking at the chart above, PMM's low point in its 52 week range is $5.70 per share, with $6.5199 as the 52 week high point — that compares with a last trade of $6.08.
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